P$4-4($GL and SL Entries$)$ Prepare the joumal entries $($budgetary and actual$)$ to record the following transactions and events in the General Ledger, Revenues Ledger, and Expenditures Ledger of a local government General Fund. Identify whether the entry is for the General Ledger or for the subsidiary ledgers. Also, note whether the General Ledger entries are budgetary or actual in nature.

The annual budget was adopted, using the modified accrual basis of accounting, as follows:

$\backslash$table$[[$Estimated Revenues:,$],[$Property taxes,$$400,000$